At the start of the year, the two year holiday expired, causing the payroll tax, which is used to fund Social Security, to increase from 4.3% to 6.2%.
Read the full article from Bloomberg here.
Estimated reading time: 0 minutes, 16 seconds
A High Cost to End the Payroll Tax Holiday
The termination of the payroll tax holiday at the start of the year will cost Americans $125 billion in taxes in 2013, reports Bloomberg.
Most Read
-
-
Feb 21 2011
-
Written by Administrator
Add us to your Safe Sender list: We want to…
-
-
-
Nov 07 2012
-
Written by Administrator
Progressive Media Group Subscription Agreement This agreement states the general…
-
-
-
Mar 09 2013
-
Written by Staff Writer
While market bulls are understandably cheering the ongoing equity rally…
-
-
-
Nov 07 2012
-
Written by Administrator
Welcome We’re glad you chose to visit a Progressive Media…
-